Massachusetts Green Tech Setback: Boston Metal and Sublime Systems Slash Workforce Amid Funding Woes
Boston Metal and Sublime Systems, two Massachusetts-based pioneers in green technology, announce significant layoffs due to critical funding challenges. Boston Metal is cutting 71 jobs following a major equipment failure disrupting its Brazil operations, while Sublime Systems pauses its Holyoke facility construction after losing a substantial Department of Energy grant, leading to a 10% workforce reduction. These setbacks highlight the broader vulnerabilities in the early-stage decarbonization sector reliant on public funding.
Mar 12